Building Effective Budget Spreadsheets in Excel (Completed)

Date: Wednesday, July 28, 2021
Instructor: David H. Ringstrom
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs

In this comprehensive presentation, Excel expert David Ringstrom, CPA, teaches you how to create resilient and easy-to-maintain budget spreadsheets. Among other techniques, David shows you how to separate inputs from calculations, build out a separate calculations spreadsheet, create both an operating and a cash flow budget, transform filtering tasks, and preserve key formulas.

David demonstrates every technique at least twice: first, on a PowerPoint slide with numbered steps, and second, in the subscription-based Microsoft 365 (formerly Office 365) version of Excel. David draws your attention to any differences in the older versions of Excel (2019, 2016, 2013, and earlier) during the presentation as well as in his detailed handouts. David also provides an Excel workbook that includes most of the examples he uses during the webcast.

Microsoft 365 is a subscription-based product that provides new feature updates as often as monthly. Conversely, the perpetual licensed versions of Excel have feature sets that don't change. Perpetual licensed versions have year numbers, such as Excel 2019, Excel 2016, and so on.

Who Should Attend
Practitioners seeking to build budget spreadsheets that can be updated effortlessly and contain easy-to-follow supporting calculations.

Topics Covered

  • Accessing free downloadable budget templates that can be customized as needed
  • Avoiding the complexity of nested IF statements with Excel's CHOOSE function
  • Building operating budgets quickly based on detailed supporting schedules that provide an audit trail
  • Crafting formulas to compute gross margins, projected sales, commissions, and related amounts
  • Employing the SUMIF function to sum values related to multiple instances of criteria you specify
  • Improving the integrity of budget spreadsheets by isolating all inputs to a single worksheet
  • Improving the integrity of spreadsheets by using SUMIF to look up values in a more flexible fashion than VLOOKUP
  • Improving the integrity of spreadsheets with Excel's VLOOKUP function
  • Learning how the Table feature empowers you to improve the integrity of Excel spreadsheets
  • Mastering the IFERROR function to display alternate values in lieu of a # sign error
  • Navigating directly to inputs by using Excel's Name Box, and then returning to the previous location in the workbook via the Go To command
  • Preserving key formulas using hide and protect features

Learning Objectives

  • Describe how to isolate all user entries to an inputs worksheet, while protecting all calculations and budget schedules on additional worksheets
  • Identify and apply range names and the Table feature to create resilient and easy-to-maintain spreadsheets
  • Identify how to calculate borrowings from, and repayments toward, a working capital line of credit

Level
Intermediate

Instructional Method
Group: Internet-based

NASBA Field of Study
Computer Software & Applications (2 hours)

Program Prerequisites
Experience with Excel Spreadsheets Recommended.

Advance Preparation
None

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